3M spins off healthcare division, reshapes future

3M spins off healthcare division, reshapes future

3M’s recent healthcare division spinoff allows it to concentrate on its core industrial and consumer products businesses. In fact, its history of innovation across product lines should position it to keep meeting evolving market needs.

The recent settlements of major lawsuits have also removed significant uncertainties… Read More

Get 2.7% yield from 3M

Get 2.7% yield from 3M

A series of strategic financial decisions aimed at resolving longstanding legal disputes and refocusing its business operations puts 3M in a stronger position going forward. Even though the company cut its dividend as a result of a spinoff, the new rate is more sustainable. Job… Read More

Enjoy 5.8% yield from 3M

3M has now settled the most significant of the lawsuits related to some of its vast product range. It’s also stopping production of the chemicals in question in 2025.

In the meantime, the company remains on solid ground financially while the stock trades at just 9.7… Read More

Get 5.6% from 3M Company

Get 5.6% from 3M Company

A recent split-off transaction will help support 3M Company’s share buyback plan as it looks to restore revenues and cut costs despite weaker demand.

The dividend has just been raised. Meanwhile, the stock trades at just 12.2 times the company’s 2023 earnings forecast.

The Growing Power of Dividends

Learn everything you need to know in '7 Winning Strategies for Dividend Investors' for FREE from The Successful Investor.

The Best Canadian Dividend Stocks to Buy: REITS Canada and other Top Canadian Dividend Stocks.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

3M COMPANY (New York… Read More

Get 5.8% from 3M Company

Get 5.8% from 3M Company

A recent split-off transaction will help support 3M Company’s share buyback plan as it looks to restore revenues and cut costs despite weaker demand.

The dividend has just been raised. Meanwhile, the stock trades at just 11.9 times the company’s 2023 earnings forecast.

The Growing Power of Dividends

Learn everything you need to know in '7 Winning Strategies for Dividend Investors' for FREE from The Successful Investor.

The Best Canadian Dividend Stocks to Buy: REITS Canada and other Top Canadian Dividend Stocks.

 I consent to receiving information from The Successful Investor via email. I understand I can unsubscribe from these updates at any time.

3M COMPANY (New York… Read More

Let our stock updates direct you

FRESHII INC. $2.26 is a hold. The company (Toronto symbol FRII; Consumer sector; Shares outstanding: 24.2 million; Market cap: $54.7 million; No dividend paid; Takeover Target Rating: Highest; www.freshii.com) operates fast-food restaurants that offer healthful menu options focused on fresh produce and lean proteins.
The company sold shares to the… Read More

Get a 4.6% yield from 3M Company

Get a 4.6% yield from 3M Company

A decline in disposable face mask sales partly explained a 3.7% drop in sales for this company during the most-recent quarter.

Earnings beat consensus forecasts, however, and a new spinoff is on the way which should increase shareholder value.

Meanwhile, the stock trades at just 12.6… Read More

3M’s narrower focus will pay off

Industrial and consumer products giant 3M has now completed the merger of its food safety operations with Neogen. The deal is part of 3M’s strategy to focus on its more-promising businesses. The next step will come in 2023 when it spins off its Health Care… Read More